The Gameplay of the Primary Market in the Cryptocurrency Space
There are 4 obvious differences between the primary market and the secondary market:
1. Time: The primary market usually conducts fundraising before the coin is listed, while the secondary market refers to buying and selling after the coin is listed.
2. Price: The primary market is part of the early stage of project development, whether it is in the private placement round, public offering round, or airdrop (the quotas are relatively small, and airdrops require understanding the project's requirements), so the prices are relatively lower. The secondary market involves joining after the listing, and generally, newly listed coins will experience a price surge, making it easy to get stuck at a high position.
3. Returns: Due to early participation, the primary market has a lower threshold compared to the secondary market, making it less susceptible to price fluctuations.
4. Threshold: The primary market has a higher threshold compared to the secondary market. Ordinary users can only participate during the public offering round or airdrop period. If ordinary users want to participate in the primary market, they can cooperate with the community (paying close attention to the project’s track, investment institutions, financing situation, project team, and project progress).
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